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    </IRS990ScheduleA>
    <IRS990ScheduleD documentId="00000003" softwareId="12000225">
      <Land>
        <OtherCostOrOtherBasis>2130116</OtherCostOrOtherBasis>
        <BookValue>2130116</BookValue>
      </Land>
      <Buildings>
        <OtherCostOrOtherBasis>10727225</OtherCostOrOtherBasis>
        <Depreciation>4344921</Depreciation>
        <BookValue>6382304</BookValue>
      </Buildings>
      <LeaseholdImprovements>
        <OtherCostOrOtherBasis>443179</OtherCostOrOtherBasis>
        <BookValue>443179</BookValue>
      </LeaseholdImprovements>
      <Equipment>
        <OtherCostOrOtherBasis>1966795</OtherCostOrOtherBasis>
        <BookValue>1966795</BookValue>
      </Equipment>
      <OtherLandBuildings>
        <OtherCostOrOtherBasis>12808</OtherCostOrOtherBasis>
        <BookValue>12808</BookValue>
      </OtherLandBuildings>
      <TotalOfBookValueLandBuildings>10935202</TotalOfBookValueLandBuildings>
      <OtherAssets>
        <Description>Loan Costs</Description>
        <BookValue>130257</BookValue>
      </OtherAssets>
      <OtherAssets>
        <Description>Amortization of Loan Costs</Description>
        <BookValue>-45590</BookValue>
      </OtherAssets>
      <TotalBookValueOtherAssets>84667</TotalBookValueOtherAssets>
      <OtherLiabilities>
        <Description>Student group funds</Description>
        <Amount>123345</Amount>
      </OtherLiabilities>
      <TotalOfAmounts>123345</TotalOfAmounts>
      <TotRevenueEtcAuditedFinclStmt>5384347</TotRevenueEtcAuditedFinclStmt>
      <RevenueSubtotal>5384347</RevenueSubtotal>
      <TotalRevenuePerForm990>5384347</TotalRevenuePerForm990>
      <TotExpensesEtcAuditedFinclStmt>5507561</TotExpensesEtcAuditedFinclStmt>
      <ExpensesSubtotal>5507561</ExpensesSubtotal>
      <TotalExpensesPerForm990>5507561</TotalExpensesPerForm990>
    </IRS990ScheduleD>
    <IRS990ScheduleE documentId="00000004" softwareId="12000225">
      <NondiscriminatoryPolicyStmt>true</NondiscriminatoryPolicyStmt>
      <PolicyStatementInBrochuresEtc>true</PolicyStatementInBrochuresEtc>
      <PolicyPublViaBroadcastMedia>true</PolicyPublViaBroadcastMedia>
      <MaintRacialCompositionRecords>true</MaintRacialCompositionRecords>
      <MaintScholarshipsRecords>true</MaintScholarshipsRecords>
      <MaintCopiesOfBrochuresEtc>true</MaintCopiesOfBrochuresEtc>
      <MaintCopiesOfAllSolicitations>true</MaintCopiesOfAllSolicitations>
      <DiscriminateRaceStudentsRights>false</DiscriminateRaceStudentsRights>
      <DiscriminateRaceAdmissPolicies>false</DiscriminateRaceAdmissPolicies>
      <DiscriminateRaceEmplmnFaculty>false</DiscriminateRaceEmplmnFaculty>
      <DiscriminateRaceScholarships>false</DiscriminateRaceScholarships>
      <DiscriminateRaceEducPolicies>false</DiscriminateRaceEducPolicies>
      <DiscriminateRaceUseOfFclts>false</DiscriminateRaceUseOfFclts>
      <DiscriminateRaceAthleticProg>false</DiscriminateRaceAthleticProg>
      <DiscriminateRaceOtherActy>false</DiscriminateRaceOtherActy>
      <GovernmentFinancialAidReceived>false</GovernmentFinancialAidReceived>
      <GovernmentFinancialAidRevoked>false</GovernmentFinancialAidRevoked>
      <ComplianceWithRevProc7550>true</ComplianceWithRevProc7550>
      <Form990ScheduleEPartII>
        <Identifier>Line 3</Identifier>
        <Explanation>PUBLISHED MATERIALS INCLUDE POLICY LANGUAGE</Explanation>
      </Form990ScheduleEPartII>
    </IRS990ScheduleE>
    <IRS990ScheduleK documentId="00000005" softwareId="12000225">
      <Form990ScheduleKPartI>
        <BondReferenceCd>A</BondReferenceCd>
        <IssuerName>
          <BusinessNameLine1>HEALTH EDUCATIONAL AND HOUSING FACILITY BOARD OF SHELBY COUNTY TN</BusinessNameLine1>
        </IssuerName>
        <IssuerEIN>521283414</IssuerEIN>
        <CUSIPNumber>587968782</CUSIPNumber>
        <DateIssued>2010-03-01</DateIssued>
        <IssuePrice>8076000</IssuePrice>
        <DescriptionOfPurpose>Educational funding</DescriptionOfPurpose>
        <Defeased>false</Defeased>
        <OnBehalfOfIssuer>false</OnBehalfOfIssuer>
        <PoolFinancing>false</PoolFinancing>
      </Form990ScheduleKPartI>
      <Form990ScheduleKPartII>
        <BondReferenceCd>A</BondReferenceCd>
        <TotalProceeds>8076000</TotalProceeds>
        <IssuanceCostsFromProceeds>130257</IssuanceCostsFromProceeds>
        <CapitalExpenditures>8025000</CapitalExpenditures>
        <AmountUnspent>51000</AmountUnspent>
        <YearOfSubstCompletion>2010</YearOfSubstCompletion>
        <CurrentRefunding>false</CurrentRefunding>
        <AdvanceRefunding>false</AdvanceRefunding>
        <FinalAllocationMade>true</FinalAllocationMade>
        <AdequateBooksAndRecdsMaintaind>true</AdequateBooksAndRecdsMaintaind>
      </Form990ScheduleKPartII>
      <Form990ScheduleKPartIII>
        <BondReferenceCd>A</BondReferenceCd>
        <OwningBondFinancedProperty>false</OwningBondFinancedProperty>
        <AnyLeaseArrangements>false</AnyLeaseArrangements>
        <MngmentCntrctBondFinancdPrprty>false</MngmentCntrctBondFinancdPrprty>
        <AnyResearchAgreements>false</AnyResearchAgreements>
        <EngageBondCounselResearch>false</EngageBondCounselResearch>
        <PrcntgePrvtBusinessUseByOthers>0.00000</PrcntgePrvtBusinessUseByOthers>
        <PercentageOfPrvtBusinessReUBI>0.00000</PercentageOfPrvtBusinessReUBI>
        <TotalPrivateBusinessUse>0.00000</TotalPrivateBusinessUse>
        <NonQualifiedBondRemedProcdrs>true</NonQualifiedBondRemedProcdrs>
      </Form990ScheduleKPartIII>
      <Form990ScheduleKPartIV>
        <BondReferenceCd>A</BondReferenceCd>
        <Form8038TFiled>false</Form8038TFiled>
        <VariableRateIssue>false</VariableRateIssue>
        <HedgeIdentifiedInBooksAndRecds>false</HedgeIdentifiedInBooksAndRecds>
        <GrossProceedsInvestedInGIC>false</GrossProceedsInvestedInGIC>
        <RegulatorySafeHarborSatisfied>false</RegulatorySafeHarborSatisfied>
        <GrossProceedsInvested>false</GrossProceedsInvested>
      </Form990ScheduleKPartIV>
    </IRS990ScheduleK>
    <IRS990ScheduleO documentId="00000006" softwareId="12000225">
      <GeneralExplanation>
        <Identifier>Pt VI, Line 11b</Identifier>
        <Explanation>Form 990 is reviewed by the Executive Committee prior to filing</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Pt VI, Line 15a</Identifier>
        <Explanation>Independent Private School Association statistics are reviewed</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Pt VI, Line 15a</Identifier>
        <Explanation>by the Board of Directors in determining compensation for CEO and key employees</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Pt VI, Line 19</Identifier>
        <Explanation>Governing documents, conflict of interest policy and financial</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Pt VI, Line 19</Identifier>
        <Explanation>statements are made available upon request to the public</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Pt VI, Line 12c</Identifier>
        <Explanation>Conflict of interest statements signed annually and Board of Directors</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Explanation>monitors compliance with the policy</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Pt VI, Line 7a</Identifier>
        <Explanation>Members of the Board of Directors are elected at</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Explanation>the Annual Meeting by the voting families</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990, Part IX, Line 24f</Identifier>
        <Explanation>TEXTBOOKS 10697. 10697. 0. 0. CAFETERIA &amp; VENDING EXPENSE 193345. 193345. 0. 0. BUS EXPENSE - GAS 11040. 11040. 0. 0. DRUG TESTING (9-12) 5044. 5044. 0. 0. EDUCATIONAL MATERIALS 15529. 15529. 0. 0. SPORTS ACTIVITY EXPENSES 70176. 70176. 0. 0. STAFF DEVELOPMENT 10474. 10474. 0. 0. SUPPLIES 26949. 23900. 3049. 0. DRAMA AND CHOIR 0. 0. 0. 0. DUES AND SUBSCRIPTIONS 3561. 3561. 0. 0. LIBRARY 3638. 3638. 0. 0. MISCELLANEOUS 3673. 3673. 0. 0. LOSS ON DISPOSAL OF FIXED ASSETS 0. 0. 0. 0. BAD DEBTS 4695.</Explanation>
      </GeneralExplanation>
    </IRS990ScheduleO>
  </ReturnData>
</Return>